Apple (AAPL, $91.07, down $6.00) is below $100 and is tanking along with the rest of the market. The Dow is down 454 points to 9,871 and is below 10,000 for the first time in four years. I’ve been mentioning over and over that the market could be headed lowerRead more
Apple Option Strangle Update
Bailout Signed, Market Retreats
It’s official. After a week of haggling, the House finally approved the $700 billion government bailout of the financial industry on Friday with President Bush quickly putting his John Hancock on the bill. It was almost a foregone conclusion that the bill would get passed and the bulls on WallRead more
Market Notes – Potash Going Up In Smoke
Stop Losses and Targets
Market Set To Open Lower
Here we go again. The futures are down sharply this morning and it’s looking like the Dow is going to start the session with a triple digit loss. Last night, the the Senate added tax cuts and other deal sweeteners to the $700 billion rescue/bailout/whatever-you want-to-call-it plan and it passedRead more
Google's Closing Price Changed
Market Notes
VIX Surges After Bailout Fails
The Chicago Board Options Exchange Volatility Index (^VIX, 40.93, down 5.79) rose sharply on Monday as the stock market closed substantially lower. The VIX measures “fear” on Wall Street and moves higher as the market moves lower. When Wall Street and traders get scared, they tend to trade more andRead more